The federal government has announced that it is investing up to $103 million to reduce energy costs and support climate action in BC.
Federal Minister of Environment and Climate Change Steven Guilbeault said the funding will go towards providing grants to low and middle-income residents so they can get off the “expensive oil and gas price roller coaster and switch to high-efficiency electric heat pumps.” The funding will also help with home upgrades like energy-efficient windows and doors.
“We’re talking here about saving energy, reducing greenhouse gas emissions and cutting costs for British Columbian homeowners and tenants,” Guilbeault said.
“Once you make the switch to get off oil and gas, you can save hundreds, if not thousands of dollars a year on home energy bills.”
Rebate amounts will vary based on the household income and the type of heat pump that’s being installed.
This is a developing story. More to come.